OMV

Turkey?s Do?an Group has said recent reports claiming the entire group has been suspended from state tenders are completely wrong, in a written statement on May 28. 

Austrian energy group OMV said on May 18 it was unlikely to resume production in war-torn Libya or Yemen before winter, after headline profit fell by half as low oil prices weighed on its upstream business.

Facing a pressing need to raise cash, the centre-left government of Prime Minister Victor Ponta plans this year and next to list more state-owned companies, mainly from the energy sector, on the Bucharest stock exchange.

Delyan Dobrev, head of the parliamentary energy committee, will present Monday in Houston opportunities for oil and gas drilling in Bulgaria's Black Sea exploration blocks to leading US and international companies.

Sustainable Growth of Croatia, ORaH launched its campaign on Sunday under the banner "Say NO to Oil in the Adriatic, Say YES to sustainable growth", hoping to prevent the start of oil and gas exploration and exploitation in the Adriatic Sea, which it considers environmentally risky.

First drilling at the Khan Asparuh block in the Black Sea, where significant gas deposits are though to lie, are now scheduled for February 2016, an official has said.

Companies that have received licenses to explore for oil and gas in the Croatian Adriatic will have to wait months before signing their contracts and starting exploration activities.

A new gas deposit has been located in Romania's portion of the Black Sea. Rough estimations point to approximately 20-25 B cubic meters.

The discovery was made on Thursday by a third exploration well located in the Neptun region and was sponsored by both the Romanian company OMV Petrom and the US ExxonMobil.

Energy giant Royal Dutch Shell and state-owned Turkish Petroleum Corporation will start drilling for oil and gas in the western Black Sea this month, Turkey's Energy Minister Taner Y?ld?z has said.

Romania's OMV Petrom, the largest oil and gas company in the country, is to start delivering natural gas to Moldova on January 1 through the Iasi-Ungheni pipeline, the company said.

...